Sick and tired of his job, Nick Ruiz came across an infomercial that promised big income while flipping homes with no money down. After dropping $250 on the course only to be disappointed by the material, Nick took a short break before giving it a second chance. While not all the course materials were applicable, Nick was able to take away a few strategies and tips to jump start his career as a real estate entrepreneur. Nick's first home netted him $500/mo profit in rental checks and eventually flipped that for $20k profit. His second home had an even greater outcome. At the age of 20, Nick had truly discovered the true meaning of passive income. With markets flourishing, so had Nick's net worth that had grew to the millions. Then it all came crashing down in the 2008 real estate bubble that forced Nick to lose it all and file for bankruptcy. Salvaging all the resources he had, Nick was forced to start from scratch again with extreme caution to slowly build up his empire. Nick has mastered the strategy of wholesaling homes to earn significant profits with no money down. Today, he continues to build his portfolio but also teaches new real estate entrepreneurs his exact strategies to wholesaling, rehabbing, and flipping homes.

Lesson's in Today's Interview:

The difference between real estate investing and real estate entrepreneurship

Why real estate is the best business model out there

The 'too good to be true' infomercial that started it all

How Nick found his first few homes to earn $1,000/mo passively at age 20

The impact of the 2008 real estate crash on Nick and his family

Why the real estate crash was the single best entrepreneur learning experience

The idea of passive income and how it relates to real estate

What it feels like to lose it all and have to file for bankruptcy

What does it mean to wholesale homes and how it differs from investing or flipping

Why you should find the buyer first before finding the seller

How to leverage direct mail marketing to find motivated sellers

Important keywords to be aware of when browsing classified listings

Where to find the best homes not occupied by tenants

Why there still is significant value in buying a home in a undesirable area

Best areas to buy for first time home buyers and average price

The single most important thing when it comes to rehabbing homes

How to find a team of experienced and qualified sub contractors

The best home renovations to make to increase value

Things to look out for when buying a house for rehabbing

Why it's important to stay very liquid

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